RegionsRSS

DSB conducting user survey and setting up user forum

The Derivatives Service Bureau (DSB) is conducting a user survey and establishing a group-wide agreement forum as part of its 2019 industry consultation milestones.

Former Fed chair worries about banking culture

The current culture of the financial system and that of banks in particular is a source of concern, said Paul Volcker, a former chairman of the US Federal Reserve Board.

All-time-high leveraged loan market ‘poses risks to banks’

US corporate leverage is now higher than that seen before the 2007-9 global financial crisis potentially creating risks for banks, warned Moody’s Investors Service.

CFTC accepts defeat over trader manipulation case

The US Commodity Futures Trading Commission (CFTC) has accepted the dismissal of a five-year case it brought against DRW Investments for market manipulation and will not appeal it.

Fed may include bitcoin collapse in stress tests

The US Federal Reserve Board is considering a range of extraordinary risks to the banking system, such as a bitcoin collapse, massive trader misconduct or a war with North Korea.

Pentti Hakkarainen

Concern lingers that eurozone may not be ready for another crisis

With a possible recession on the horizon, Europe’s banks are in a stronger position than they were in the run-up to the 2007-9 global financial crisis. Nonetheless, there are still worries about too many weak banks, doubts over stress tests and the failure to complete Europe’s banking union. By Farah Khalique.

Bitcoin

Regulators sow confusion by conjuring up conflicting ‘crypto’ rules

Crypto-currencies and assets have taken the world by storm and at such a pace that regulators have not been able to keep up. However, the rush to stay on top is seeing a raft of conflicting rules and definitions springing up across jurisdictions. By Dan Barnes

Mark Wetjen

G20 leaders urged to tackle regulatory fragmentation

There is a real risk that the fragmentation of global capital markets could eventually see them grinding to a halt with all kinds of negative consequences for the real economy. This has focused the FSB and the G20 to try and come up with a solution. By Justin Pugsley.

Sahu Rita

Fed’s stress test reforms proving to be controversial

To critics, reforms of the US stress testing regime are a worrying diluting of the exercise, whilst bankers see them as a very necessary exercise in simplification and transparency. However, stress tests maybe less important than they once were. By Farah Khalique.

UK banks could withstand hard Brexit - Moody’s

If the UK leaves the EU without a formal withdrawal agreement, it would create negative pressures on its lenders, but given they have strong capital and liquidity they are expected to remain resilient, said Moody’s Investor Services.